WEST LIBERTY GARDEN APARTMENTS INC (EIN 341325781) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

michael ray

Phone

9374655065

Tax Period

2023-01-01 to 2023-12-31

WEST LIBERTY GARDEN APARTMENTS INC, founded in 1979, is a small nonprofit in the Human Services sector that reported $523K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

OPERATES 39 housing units AS PART OF A CONTINUING CARE RETIREMENT COMMUNITY FOR OLDER ADULTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $518,379

Investment Income $3

Other Revenue $4,711

TOTAL REVENUE $523,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $543,031

Other Expenses $551,844

TOTAL EXPENSES $551,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$523,093	$606,093	-0.1%
Expenses	$551,844	$541,170	+0.0%
Net Income	$-28,751	$64,923	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$345,496

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Ray	President/CEO	3.0	Officer	$0	$33,437	$213,078
Amber Swords	CFO	3.0	Officer	$0	$11,890	$132,418
John Bodin	Board Chair	1.0	Officer Director	$0	$0	$0
Alex Dye	Director	1.0	Director	$0	$0	$0
Colton Lowry	Director	1.0	Director	$0	$0	$0
Grace Leichty	Director	1.0	Director	$0	$0	$0
Joan Haushalter	Director	1.0	Director	$0	$0	$0
Matt Chamberlain	Secretary	1.0	Officer Director	$0	$0	$0
Rick Gildow	Treasurer	1.0	Officer Director	$0	$0	$0
Steve Godwin	Director	1.0	Director	$0	$0	$0
Tom Simon	Director	1.0	Director	$0	$0	$0
Valerie Jones	Director	1.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$523,093	$551,844	$3,013,589	$-28,751
2022	$606,093	$541,170	$3,160,502	$64,923
2021	$568,157	$534,265	$2,890,894	$33,892
2020	$480,359	$590,594	$3,077,319	$-110,235
2019	$515,174	$536,837	$3,189,674	$-21,663
2018	$498,562	$493,848	$3,392,474	$4,714

WEST LIBERTY GARDEN APARTMENTS INC